REC Raises $500 Million Through Bonds

REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bond issued under its Global Medium Term Programme of USD 7 billion. The transaction was priced inside the fair value of existing secondary curve of REC USD bonds and is the lowest coupon ever achieved by REC in the USD bond market. Commenting on […]

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Northvolt plans to expand gigafactory in Poland

Swedish battery manufacturer Northvolt is planning to invest another $200 million in its Polish production facility in Gdansk, in northern Poland. “The investment will facilitate a ramp-up in the manufacturing capacity of battery modules and systems in order to fulfill contracts that Northvolt has secured with customers seeking long-term, high-volume supply agreements for complete battery […]

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AI based Market Bidding platform developed by Fluence gets selected for 182.5 MW BESS project in CA, US

Fluence, the leading global energy storage technology, software and services provider, today announced that its A.I.-powered Trading Platform has been selected to provide optimization and market bidding services for Pacific Gas and Electric Company’s 182.5 MW, 730 MWh battery energy storage system in Moss Landing, Calif. Using artificial intelligence, advanced price forecasting, portfolio optimization and […]

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Alstom confirms acquisition of Bombardier

Alstom, a major French rolling stock manufacturer, recently completed its acquisition of Bombardier Transportation. Alstom integrated Bombardier Transportation while levering its Alstom In Motion strategy and says that it hopes to strengthen its leadership in the growing sustainable mobility market. Here’s how the acquisition of Bombardier is expected to benefit Alstom and their collective customer […]

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After The Recent Acquisition, TOTAL Gets 2.2GW Of Solar Projects In Pipeline

French energy giant Total has acquired a 2.2 GW solar development pipeline, including 600 MW of battery storage assets – all in Texas. It acquired the project pipeline from developer SunChase Power and private energy investment firm MAP RE/ES. The portfolio consists of four planned large-scale solar projects, each with co-located battery energy storage systems, […]

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Energy And Resource Solutions Inc gets acquired by DNV GL

DNV GL has acquired U.S. based engineering consultancy Energy and Resource Solutions, Inc., which helps organisations to manage and reduce energy costs through program design, outreach, implementation and evaluation services. The growing need to transform energy markets across all sectors and decarbonize energy supply make this acquisition both timely and crucial. Richard Barnes, region president, […]

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